Snap Goes Down, Takes Others With It

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 24 May 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's a rare day when a single $20 billion-dollar company drags much larger businesses down with it. (0:25) Tim Beyers discusses:
- Snap's 40% drop and CEO Evan Spiegel's less-than-great communication around guidance
- The ripple effect on Alphabet, Meta Platforms, The Trade Desk, and others
- How the current environment has little patience for nuance
- Zoom Video's strong results and upbeat guidance
- The underrated health of Zoom's business

(15:00) Robert Brokamp talks with Dan Caplinger about a couple of ways investors can fight inflation.

Stocks discussed: SNAP, FB, ROKU, PINS, GOOG, GOOGL, TTD, ZM

Host: Chris Hill
Guests: Tim Beyers, Robert Brokamp, Dan Caplinger
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Transcript

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0:00.0	If you're keeping a list of CEOs who could be doing a better job of communicating with
0:09.7	investors, we've got one more name you can add.
0:13.2	Motley Fool Money starts now.
0:15.4	I'm Chris Hale joined by Motley Fool's Senior Analyst Tim Byers.
0:24.4	Thanks for being here.
0:25.4	Thanks for having me, Chris.
0:27.0	I'm really caffeinated, ready to go.
0:29.4	Likewise, we are going to get to zoom in just a little bit.
0:32.4	We have to start with SNAP because SNAP is having ripple effects, hitting shareholders
0:37.6	way beyond just the SNAP shareholders.
0:41.4	For those who missed at CEO Evan Spiegel warned that the company is going to miss its own
0:46.4	quarterly targets for profits and revenue, shares of SNAP down 40% today and the ripple
0:54.4	effects I referred to, it's basically any company that relies on digital advertising
1:02.1	of some form or another, shares of meta-platforms, Roku, Pinterest, alphabet, trade desk, just
1:09.6	to name a few down in the wake of this market environment where nobody gets the benefit
1:17.2	of the doubt and everyone is assuming the worst all the time.
1:21.7	Right.
1:22.7	When your stock is down 40%, you can no longer be called SNAP.
1:27.0	We have to call you SNAP.
1:29.4	You've been SNAPed now.
1:31.4	It's terrible, Chris.
1:34.2	It's really frustrating to be honest how this came to pass.
	...

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